Pepper price today May 29, 2022 | Latest pepper price market

Pepper prices today, May 29, 2022, in the domestic market increased by 500 VND/kg. Currently, domestic pepper prices are trading around 70,000 – 73,000 VND/kg. Domestic pepper prices increased for the second consecutive session. At the end of the week, pepper prices lost 2,000 VND/kg in the Central Highlands and Binh Phuoc, and decreased 2,500 VND/kg in the remaining Southeast provinces. Last week, pepper prices lost 500 – 1,000 VND depending on the locality. This week, the World Pepper Community listed Vietnam’s black and white pepper export prices up 50 USD/ton. However, the organization’s weekly report assessed that the world market continued to record a rather negative outlook in the past 3 weeks, with no source increasing points. In the first days of the week, the domestic pepper market had a sharp decline. The reason is that export companies have enough goods for June 2022, traders are forcing down the purchase price. In addition, pepper prices are affected by the USD exchange rate, which is reaching a record high in the past 2 decades. Since the beginning of the month, China has opened its doors to clear goods, but it has remained stagnant. Speculators have continuously sold, while foreign market demand at this time is not high. The above factors combined have pushed domestic pepper prices down by 4,000 VND/kg. At the end of the week, the market had 2 slight recovery sessions. Part of the reason is that Shanghai – the world’s busiest seaport for goods trading, is lifting the blockade due to the Covid epidemic. The above information has helped the global commodity market hope for smooth circulation. #pepper #hotpepper #news #nongnghiep #nhanong #mientay #taynguyen

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